JP Morgan India arm signs lease pact for 1.16 million sq ft office space in Mumbai

JP Morgan India arm signs lease...

US financial services major JP Morgan has picked up over 1.16 million sq ft...

Credit growth outpaced deposit growth of banks in June: RBI

​Credit growth outpaced deposit growth for commercial banks in June, the Reserve Bank of India (RBI) said in its quarterly statistics on deposit and...

RBI lifts business curbs imposed on American Express...

The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance...

TCS to introduce 100% variable pay for employees

​Days after reports surfaced that information technology (IT) firm Tata Consultancy Services (TCS) had delayed the June variable compensation payout by a month for some employees, the country’s largest IT firm said on Tuesday it will pay...

Govt simplifies overseas investment rules to ensure ease of doing business

​The government has simplified the overseas investment rules with the aim of enhancing the 'ease of doing business' sentiment. It has simplified the existing framework for overseas investment by

FPIs turn net buyers in debt nearly after six months

Foreign Portfolio Investors (FPIs) turned net buyers of debt so far in August nearly after six months due to cooling of oil prices, easing of inflationary pressure, manageable deficits to buoyant tax collections.

Markets offer risk-reward play to build a long term portfolio: ICICI Securities

Global equity markets are breathing easy with the key commodity prices, metals, crude oil and others, cooling off, said ICICI Securities in a report. "The recent cool off in key commodity prices viz. metals, crude among others, comes as a bre...

RBI issues discussion paper on charges in payment systems

The Reserve Bank of India (RBI) released a discussion paper on "Charges in Payment Systems" for public feedback, the central bank said in a release. Feedback may be provided in respect of questions raised therein, including other relevant sug

India Inc to hand out 10% median salary hike in 2023

​Companies in India will hand out a 10% median salary hike in 2023, according to global advisory firm Willis Towers Watson (WTW’s) salary budget planning report. The report said this will translate to an average salary increase of 9.8% compare...

IRDAI organises hackathon, invites innovative solutions for insurance segment

​Insurance regulator IRDAI has invited entities to develop technology-driven innovative solutions for automated death claim settlement, curtail miss-selling, and other areas of the insurance ecosystem, with an aim to protect the interest of po...

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